Why invest in commercial real estate in Latvia?
STEADY MARKET AND ECONOMIC GROWTH
Every year Latvia demonstrates stable economic growth. The availability of skilled labour and high-quality transport infrastructure attracts foreign investment. The Latvian commercial property market offers many opportunities, both for investments whose aim is the preservation of capital, and for property and business development. Over the years, the market has proved its ability to adjust to new opportunities and market conditions and to recover quickly from downturns.
BUSINESS ENVIRONMENT
Starting a business in Latvia — an European Union country — is easy. Modern legislation and fully developed business services (financing, insurance, notary system and auditing, among others) create favourable conditions for foreign investors. Company income tax is paid only at the moment of dividend pay-out, which creates an advantageous environment for business development.
LOCATION AND LANGUAGES
From Riga international airport it’s extremely easy to reach any country in Europe. Flying to London or Frankfurt takes only 3 hours, with flights a few times per day. Knowledge of several languages is common in Latvia — not only in the service sector, but also in business environments you can communicate with the locals in both English and Russian.
SAFETY AND ECOLOGICAL PERFORMANCE
The Baltic states are rated by WEF as being one of the safest regions in Europe (the WEF rating takes into account factors such as the level of terrorist threat, crime and armed conflicts, among others). Over 50% of Latvia is covered by forest, and severe earthquakes are impossible here, as are many other natural disasters. This creates additional value for living and doing business.
See the following Real Estate types
Hotels and residential buildings
Many hotels in Riga and Jurmala have changed hands and are under reconstruction, getting ready to satisfy demand from a growing influx of tourists.
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Shopping centres and street retail
Most in demand from investors are shopping malls with stable cash flows, which, as a rule, are secured by a reliable anchor tenant. Another in-demand investment option in this sector is high-quality street retail in central Riga and Jurmala.
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Office centres
Despite rather high demand for modern office centres the supply is still limited. Nevertheless, Silver Fox’s portfolio features several interesting new business centres, as well as buildings that could be converted into office centres.
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Properties for reconstruction
Acquisition by investors of historical buildings in downtown Riga and their reconstruction for residential project, hotel or a tenement building is one of the strongest current trends on the Latvian real estate market.
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Land plots for development
To satisfy the demand the developers are actively involved in building multi-storey and row houses on vacant plots along the seashore in Jurmala. There is similar interest in plots in the centre of Riga.
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Logistics complexes
A qualified local workforce skilled in languages and a favourable economic climate are the principal forces driving the existing trends, i.e. some European and Russian companies moving to Latvia. As a result, industrial properties and logistics complexes have become highly interesting and profitable for investors.
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Evgeny Shikhman
Owner of Silver Fox, Chairman of the board
The commercial real estate market is extremely dynamic. There are no ready-made deals. It's never boring. And that is what I like about it!
Silver Fox is a like-minded partner Helping you achieve your investment goals
We offer
  • Consultancy on the market, tax and residence permits;
  • Selection and express analysis of properties;
  • Technical, legal and financial analysis of a chosen property;
  • Structuring the deal, preliminary estimation of the property’s sales price and incorporation;
  • Legal and organisational supervision of the deal, assistance in getting a loan;
  • Other services after the sale has been concluded.
Ask a Silver Fox specialist a question regarding the purchase or sale of commercial properties
Our specialist will contact you
Contact us
Rietumu Capital Centre,
7 Vesetas street,
Riga, LV–1013, Latvia
Subscribe
to our news
Be the first to receive special company offers and get useful information about the commercial real estate market in Latvia
We use cookies to improve your experience on our website. By browsing this website, you agree to our use of cookies. More about cookies.